Independent journal on economy and transport policy
15:28 GMT+2
BA 'closer' to deal with KLM
(BBC News)
June 5, 2000
British Airways plans to take a majority stake in Dutch airline KLM, according to a report in a Sunday newspaper.
The troubled UK airline has seen its profits slump as it faces increased competition on transatlantic routes, competition from budget airlines and high fuel prices. Any alliance or merger would greatly strengthen its hand, analysts say.
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